Marcopolo signs Letter of intent with Neobus Controllers

Marcopolo signs Letter of intent with Neobus Controllers

 

Companies will continue having independent management

and operations in the market

marcopolo

The Board of Directors of Marcopolo has approved the signing of a letter of intent, which aims at being the basis for the future incorporation of L&M, a direct controlling shareholder of San Marino Bus Ltda. (Neobus), by Marcopolo S.A. After the signing of the final documents and the closing of the deal, the shares of L&M will be transferred to Marcopolo S.A.

According to the CEO of Marcopolo, Francisco Gomes Neto, the two companies will continue to act independently in the domestic and international markets in terms of products, marketing and services network. “The management of the companies will continue being separate, as it is currently, and just like the Volare business unit, which has its own independent dealership, line of products and network of representatives. In addition, we will obtain significant synergies in the administrative, operational and supply areas”, explains the executive.

Edson Tomiello, explained that the agreement enables the exchange of participation by Marcopolo’s shares, allowing Neobus to have independent network, marketing, distribution and product portfolio. “In the future, we may also take advantage of manufacturing and logistics resources among other benefits. The ultimate goal is the expansion of the international market in order to optimize and conquer new markets and solidify the brand”, emphasizes Tomiello.

The letter of intent provides that the controlling shareholders of Neobus will assume the position of Marcopolo´s shareholders, remaining in the direct management of the Neobus operations in order to preserve the competitive factors of the brand.

 

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